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Old 11-06-2014, 09:41 AM
 
26,181 posts, read 21,485,820 times
Reputation: 22766

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Quote:
Originally Posted by bbnetworking View Post
Who are you quoting? Bankrate.com does what for a living?

Would you go ask a car salesman, if his cars are good? I wouldn't.

My parents bought their house in 1993 when interest rate was exactly at 8%, houses were cheap, real cheap, but few can afford them. People were making less money than they do today, but not by a lot less.

Bottom line is, interest rate has a direct impact on housing values.


Bankrate didn't write the article lol and they don't sell cars or mortgages but that doesn't really play into a potential biased you might be attempting to imply. My parents had mortgage rates in the mid to high teens too I believe. A doubling of rates quickly would be bad but over time those rate rises if moderate would coincide with growing economic conditions
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Old 11-19-2014, 07:06 PM
 
Location: El Paso, TX
33,072 posts, read 26,274,284 times
Reputation: 16207
Default The truth comes out. This guy inherited most of his money.

Two weeks after the story was published, a former Navy colleague of Ivanov’s, who asked to remain anonymous, sent us a copy of a confession Ivanov posted on Facebook on Nov. 12. In his confession, Ivanov said he lied to Yahoo Finance about the source of his wealth. In the post, he said he “got tired of telling people lies” and he thought it was the “right thing to do.”

On Monday, Ivanov admitted to Yahoo Finance that 75%-80% of his wealth consists of an inheritance that was left to him by his parents, who died several years ago. He would not specify the exact dollar amount nor the year his parents died. But he also said that one of the two properties he owns, which he said is valued at more than $600,000, is also part of that inheritance.

http://finance.yahoo.com/news/anton-...210757837.html
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Old 11-19-2014, 07:10 PM
 
26,181 posts, read 21,485,820 times
Reputation: 22766
Nice
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Old 11-20-2014, 01:51 AM
 
30,876 posts, read 36,858,638 times
Reputation: 34467
Quote:
Originally Posted by Mike555 View Post
Two weeks after the story was published, a former Navy colleague of Ivanov’s, who asked to remain anonymous, sent us a copy of a confession Ivanov posted on Facebook on Nov. 12. In his confession, Ivanov said he lied to Yahoo Finance about the source of his wealth. In the post, he said he “got tired of telling people lies” and he thought it was the “right thing to do.”

On Monday, Ivanov admitted to Yahoo Finance that 75%-80% of his wealth consists of an inheritance that was left to him by his parents, who died several years ago. He would not specify the exact dollar amount nor the year his parents died. But he also said that one of the two properties he owns, which he said is valued at more than $600,000, is also part of that inheritance.

http://finance.yahoo.com/news/anton-...210757837.html
It's unfortunate because it adds fuel to the fire for the naysayers, but the truth is paramount.
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Old 11-20-2014, 05:15 PM
 
2,183 posts, read 2,631,302 times
Reputation: 3159
What a douche canoe.
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Old 11-20-2014, 09:26 PM
 
Location: Missouri
592 posts, read 801,188 times
Reputation: 551
I had suspicions when I originally read this article on Yahoo. The guy in the article is disgusting for tainting his deceased parents who actually set him up very nice in life. There were red flags like when he said he put 10k into a roth ira at 18. Or when he said he was making 55k in the military at age 19....on top of having living expenses paid. Still good habits, but his credibility and character are shot..
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Old 11-21-2014, 04:07 AM
 
323 posts, read 427,903 times
Reputation: 183
What does a $400,000 sd condo rent for that nets $12,000 after mortgaepayments.


Im thinking $6,000 $7,000 a month..............lol.


The guy buys a $430,000 duplex which rents for $21,000 and he has big positive cash flow.


The numbers dont add up. Kindof like o.care.....lol



Oh well inheritance is a legit way to become a early aged millionaire.
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Old 11-21-2014, 04:10 AM
 
323 posts, read 427,903 times
Reputation: 183
Quote:
Originally Posted by mysticaltyger View Post
It's unfortunate because it adds fuel to the fire for the naysayers, but the truth is paramount.
NO. If you need to lie to prove a point or get some agenda advanced that the important thing.................lol.
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